Abstract:
A revenue management system comprising a first revenue management route which includes a forecast module and an optimization module and which calculates expected revenue for sales of inventory items based on historical data; a second revenue management route which is selected if the confidence in the forecasting in the first route is below a predetermined value.
Abstract:
A revenue management system comprising a first revenue management route which includes a forecast module and an optimization module and which calculates expected revenue for sales of inventor items based on historical data; a second revenue management route which is selected if the confidence in the forecasting in the first route is below a predetermined value.